ConocoPhillips today announced it has entered into an agreement to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly hold the company’s exploration and production assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips will retain its London-based commercial [...]
ConocoPhillips today announced it has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, executive vice president and chief operating officer. “ConocoPhillips recognizes the [...]
ConocoPhillips will host a conference call webcast on Tuesday, April 30, 2019 to discuss first-quarter 2019 financial and operating results. The call is now scheduled for 1:00 p.m. EDT. The company’s financial and operating results will be released before the market opens on April 30. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the [...]
ConocoPhillips will host a conference call webcast on Tuesday, April 30, 2019 at 12:00 p.m. EDT to discuss first-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on April 30. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]
HOUSTON, April 8, 2019 /PRNewswire/ -- KBR, Inc. announced today that it has selected Baker Hughes, a GE company , as part of the ongoing development of KBR's standardized mid-scale Liquefied Natural Gas design. The design utilizes ConocoPhillips' Optimized Cascade® technology as part of a broader partnership previously announced by KBR and COP. The mid-scale LNG facilities designed under the agreement between KBR and [...]
ConocoPhillips announced today that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes has unanimously ordered the government of Venezuela to pay the company the amount of $8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments in Venezuela in 2007, plus interest. The ICSID [...]
ConocoPhillips today announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC to purchase up to 50,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.004 percent of the outstanding shares of ConocoPhillips common stock. The offer price of $55.00 per share is approximately 16.99 percent lower than the $66.26 closing [...]
ConocoPhillips today reported fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share, compared with fourth-quarter 2017 earnings of $1.6 billion, or $1.32 per share. Excluding special items, fourth-quarter 2018 adjusted earnings were $1.3 billion, or $1.13 per share, compared with fourth-quarter 2017 adjusted earnings of $0.5 billion, or $0.45 per share. Special items for the current quarter included a gain from [...]
ConocoPhillips today announced a quarterly dividend of 30.5 cents per share, payable March 1, 2019, to stockholders of record at the close of business on Feb. 11, 2019. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $71 billion of [...]
ConocoPhillips will host a conference call webcast on Thursday, Jan. 31, 2019 at 12:00 p.m. EST to discuss fourth-quarter and full-year 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Jan. 31. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in [...]
Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index as part of normal index operations. After the markets close on December 31, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2019: Constituents added: CNX Midstream Partners LP Crestwood Equity Partners LP [...]
ConocoPhillips today completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhillips retains a 7.5 percent interest in the field. ConocoPhillips also completed a simultaneous acquisition of BP’s 39.2 percent interest in the Greater Kuparuk Area in Alaska and 38 percent interest in the Kuparuk [...]